Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 113.3% Revenue growth, 20243 Where the money goes Where each dollar of revenue went, fiscal 2024 Research and development Selling, general and admin
Cost of revenue 8¢ $1.5M Research and development 17¢ $3.2M Selling, general and admin 75¢ $14.3M Income tax 0¢ $55.0K Out of $3.3M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024 Kept or used elsewhere
Kept or used elsewhere 100¢ $1.4M Out of $1.4M of cash from operations.3
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 3 $3.3M in 2024+271% since 2020 0 $2.0M $4.0M $6.0M $8.0M 2020: $882.7K $882.7K 2020 2021: $7.1M $7.1M 2021 +701% 2022: $7.8M $7.8M 2022 +11% 2023: $1.5M $1.5M 2023 −80% 2024: $3.3M $3.3M 2024 +113% Gross profit4 5 6 3 $1.8M in 2024+385% since 2020 -$6.0M -$4.0M -$2.0M 0 $2.0M 2020: $368.8K $368.8K 2020 2021: $1.7M $1.7M 2021 +351% 2022: -$744.0K -$744.0K 2022 2023: -$5.4M -$5.4M 2023 +630% 2024: $1.8M $1.8M 2024 Operating income7 4 5 6 3 -$18.4M in 2024+2537% since 2019 -$100.0M -$75.0M -$50.0M -$25.0M 0 2019: -$696.6K -$696.6K 2019 2020: -$3.1M -$3.1M 2020 +341% 2021: -$44.1M -$44.1M 2021 +1335% 2022: -$85.4M -$85.4M 2022 +94% 2023: -$50.7M -$50.7M 2023 −41% 2024: -$18.4M -$18.4M 2024 −64% Net income7 4 5 6 3 -$41.0M in 2024-$75.0M -$50.0M -$25.0M 0 $25.0M 2019: $21.5M $21.5M 2019 2020: -$3.1M -$3.1M 2020 2021: -$20.5M -$20.5M 2021 +558% 2022: -$74.3M -$74.3M 2022 +262% 2023: -$71.4M -$71.4M 2023 −4% 2024: -$41.0M -$41.0M 2024 −43%
Revenue8 9 10 $62.0K in Q3 FY2025−53% since Q1 FY2025 0 $50.0K $100.0K $150.0K Q1 FY2025: $132.0K $132.0K Q1 FY2025 Q2 FY2025: $99.0K $99.0K Q2 FY2025 −25% Q3 FY2025: $62.0K $62.0K Q3 FY2025 −37% Gross profit8 9 10 -$375.0K in Q3 FY2025+108% since Q1 FY2025 -$400.0K -$300.0K -$200.0K -$100.0K 0 Q1 FY2025: -$180.0K -$180.0K Q1 FY2025 Q2 FY2025: -$293.0K -$293.0K Q2 FY2025 +63% Q3 FY2025: -$375.0K -$375.0K Q3 FY2025 +28% Operating income8 9 10 -$2.4M in Q3 FY2025−19% since Q1 FY2025 -$3.0M -$2.0M -$1.0M 0 Q1 FY2025: -$2.9M -$2.9M Q1 FY2025 Q2 FY2025: -$2.9M -$2.9M Q2 FY2025 −0% Q3 FY2025: -$2.4M -$2.4M Q3 FY2025 −19% Net income8 9 10 $8.6M in Q3 FY2025-$5.0M 0 $5.0M $10.0M Q1 FY2025: -$3.3M -$3.3M Q1 FY2025 Q2 FY2025: -$3.8M -$3.8M Q2 FY2025 +16% Q3 FY2025: $8.6M $8.6M Q3 FY2025
Fiscal year 2018 2019 2020 2021 2022 2023 2024 Revenue $882.7K4 $7.1M5 $7.8M6 $1.5M3 $3.3M3 Cost of revenue $513.8K4 $5.4M5 $8.6M6 $7.0M3 $1.5M3 Gross profit $368.8K4 $1.7M5 -$744.0K6 -$5.4M3 $1.8M3 Research and development $102.5K4 $3.5M5 $9.8M6 $7.6M3 $3.2M3 Selling, general and admin $3.5M4 $41.9M5 $35.9M6 $28.8M3 $14.3M3 Operating income -$696.6K7 -$3.1M4 -$44.1M5 -$85.4M6 -$50.7M3 -$18.4M3 Income tax $1.1M7 $04 -$923.0K5 -$2.0M6 -$82.0K3 -$55.0K3 Net income $21.5M7 -$3.1M4 -$20.5M5 -$74.3M6 -$71.4M3 -$41.0M3 Earnings per share -$0.154 -$0.455 -$43.286 -$37.243 -$15.653 Earnings per share (diluted) -$0.154 -$0.455 -$43.286 -$37.243 -$15.653
Total assets11 7 4 5 6 3 $8.0M in 2024−96% since 2018 0 $100.0M $200.0M $300.0M 2018: $222.1M $222.1M 2018 2019: $226.0M $226.0M 2019 +2% 2020: $1.9M $1.9M 2020 −99% 2021: $163.0M $163.0M 2021 +8507% 2022: $89.6M $89.6M 2022 −45% 2023: $34.7M $34.7M 2023 −61% 2024: $8.0M $8.0M 2024 −77% Total liabilities11 7 4 5 6 3 $29.3M in 2024+268% since 2018 0 $10.0M $20.0M $30.0M $40.0M 2018: $8.0M $8.0M 2018 2019: $19.2M $19.2M 2019 +142% 2020: $3.7M $3.7M 2020 −81% 2021: $32.8M $32.8M 2021 +790% 2022: $25.4M $25.4M 2022 −23% 2023: $21.3M $21.3M 2023 −16% 2024: $29.3M $29.3M 2024 +38% Shareholders’ equity7 4 5 6 3 -$21.3M in 2024-$50.0M 0 $50.0M $100.0M $150.0M 2018: $5.0M $5.0M 2018 2019: -$833.8K -$833.8K 2019 2020: -$1.8M -$1.8M 2020 +115% 2021: $130.2M $130.2M 2021 2022: $64.1M $64.1M 2022 −51% 2023: $13.4M $13.4M 2023 −79% 2024: -$21.3M -$21.3M 2024 Cash7 4 5 6 3 $381.0K in 2024−57% since 2018 0 $20.0M $40.0M $60.0M $80.0M 2018: $886.3K $886.3K 2018 2019: $1.2M $1.2M 2019 +35% 2020: $515.7K $515.7K 2020 −57% 2021: $79.8M $79.8M 2021 +15366% 2022: $32.9M $32.9M 2022 −59% 2023: $3.2M $3.2M 2023 −90% 2024: $381.0K $381.0K 2024 −88%
Total assets8 9 10 $6.7M in Q3 FY2025−7% since Q1 FY2025 0 $2.0M $4.0M $6.0M $8.0M Q1 FY2025: $7.2M $7.2M Q1 FY2025 Q2 FY2025: $6.7M $6.7M Q2 FY2025 −7% Q3 FY2025: $6.7M $6.7M Q3 FY2025 −0% Total liabilities8 9 10 $24.5M in Q3 FY2025−23% since Q1 FY2025 0 $10.0M $20.0M $30.0M $40.0M Q1 FY2025: $31.9M $31.9M Q1 FY2025 Q2 FY2025: $36.1M $36.1M Q2 FY2025 +13% Q3 FY2025: $24.5M $24.5M Q3 FY2025 −32% Shareholders’ equity8 9 10 -$17.8M in Q3 FY2025−28% since Q1 FY2025 -$30.0M -$20.0M -$10.0M 0 Q1 FY2025: -$24.7M -$24.7M Q1 FY2025 Q2 FY2025: -$24.7M -$24.7M Q2 FY2025 +0% Q2 FY2025: -$29.4M -$29.4M Q2 FY2025 +19% Q3 FY2025: -$29.4M -$29.4M Q3 FY2025 +0% Q3 FY2025: -$17.8M -$17.8M Q3 FY2025 −40% Cash8 9 10 $468.0K in Q3 FY2025+42% since Q1 FY2025 0 $200.0K $400.0K $600.0K Q1 FY2025: $329.0K $329.0K Q1 FY2025 Q2 FY2025: $75.0K $75.0K Q2 FY2025 −77% Q3 FY2025: $468.0K $468.0K Q3 FY2025 +524%
Fiscal year 2018 2019 2020 2021 2022 2023 2024 Cash $886.3K7 $1.2M4 $515.7K4 $79.8M5 $32.9M6 $3.2M3 $381.0K3 Current assets $1.0M11 $577.5K7 $1.7M4 $97.4M5 $49.5M6 $8.8M3 $2.7M3 Total assets $222.1M11 $226.0M7 $1.9M4 $163.0M5 $89.6M6 $34.7M3 $8.0M3 Current liabilities $247.4K11 $1.3M7 $3.4M4 $18.9M5 $13.7M6 $11.9M3 $28.8M3 Total liabilities $8.0M11 $19.2M7 $3.7M4 $32.8M5 $25.4M6 $21.3M3 $29.3M3 Shareholders’ equity $5.0M7 -$833.8K4 -$1.8M5 $130.2M6 $64.1M3 $13.4M3 -$21.3M3 Shares outstanding 25.0M shares4 51.3M shares5 1.7M shares6 2.6M shares3 2.6M shares3
Cash from operations7 4 5 6 3 $1.4M in 2024-$40.0M -$30.0M -$20.0M -$10.0M 0 $10.0M 2019: -$630.9K -$630.9K 2019 2020: -$1.4M -$1.4M 2020 +126% 2021: -$35.8M -$35.8M 2021 +2415% 2022: -$32.1M -$32.1M 2022 −10% 2023: -$21.0M -$21.0M 2023 −35% 2024: $1.4M $1.4M 2024 Share buybacks7 4 $0 in 20210 $20.0K $40.0K $60.0K $80.0K 2019: $0 $0 2019 2020: $69.4K $69.4K 2020 2021: $0 $0 2021
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2018 2019 2020 2021 2022 2023 2024 Cash from operations -$630.9K7 -$1.4M4 -$35.8M5 -$32.1M6 -$21.0M3 $1.4M3 Share buybacks $07 $69.4K4 $04
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Former names
AMCI Acquisition Corp. Jul 20, 2018 to Feb 4, 20212
Recent filings
Jul 22, 2026 8-K May 15, 2026 8-K Mar 31, 2026 NT 10-K Jan 21, 2026 25-NSE Jan 21, 2026 25-NSE Jan 15, 2026 8-K Nov 17, 2025 10-Q Nov 14, 2025 NT 10-Q Nov 10, 2025 8-K Nov 3, 2025 8-K Oct 29, 2025 8-K Oct 22, 2025 8-K Sep 30, 2025 DEF 14A Sep 12, 2025 8-K Sep 4, 2025 8-K
Every filing from the last three years, summarized . The full record is on SEC EDGAR.1